SINA, InterDigital, ViaSat, Fusion-IO, Louisiana-Pacific Major Percentage Decliners Feb 7th
SINA Corporation (NASDAQ:SINA): The Chinese government is requiring real name registration for all Sina Weibo users on March 16. Since January 1, Sina has had about 3M real name registrations, well below the nearly 20M or so new registrations per month at one point in 2011, DigiCha reports. The shares closed at $65.43, down $4.65, or 6.64%. They have traded in a 52-week range of $46.86 to $147.12.
InterDigital, Inc. (NASDAQ:IDCC): InterDigital sees Q1 revenue ‘approximately’ $69M vs. consensus $76.51M. The projected revenue for Q1 of 2012 reflects a shift in market share from certain of the company’s per-unit licensees to licensees with other types of agreements. The shares closed at $37.61, down $3.06, or 7.52%. They have traded in a 52-week range of $34.61 to $82.50.
ViaSat, Inc. (NASDAQ:VSAT): Reported Q3 revenue $205.0M vs. consensus $226.58M. The shares closed at $45.89, down $3.61, or 7.29%. They have traded in a 52-week range of $31.18 to $49.80.
Fusion-IO, Inc. (NYSE:FIO): Craig-Hallum sees increasing competition for Fusion-io (NYSE:FIO) following EMC’s (NYSE:EMC) VFCache announcement yesterday. The firm said VFCache will support NVM Express when the flash cards are available, confirming broad support across the industry, and that VFCache uses a data management scheme similar to the rest of the industry other than Fusion-io’s. Additionally, the firm notes the 43M share lock-up in Fusion-io shares on February 15. The shares closed at $23.02, down $1.7, or 6.88%. They have traded in a 52-week range of $14.90 to $41.74.
Louisiana-Pacific Corporation (NYSE:LPX): “Recently, we have seen some hopeful signs of growth in the North American housing market, which is good news,” stated CEO Rick Frost. “Because the economy is still fragile, with slow job growth and little progress made to address our country’s underlying fiscal issues, we are planning on a slow recovery in 2012. Fortunately, our financial situation allows us to be prepared to satisfy market demand if housing is better than we expect,” concluded Frost. The shares closed at $8.26, down $0.62, or 6.98%. They have traded in a 52-week range of $4.41 to $11.63.
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